Commercial Lease Agreements
Commercial lease agreements are lease agreements dealing with the renting of commercial space, which can include space in a mall or warehouse or office space in a commercial building. Commercial lease agreements differ from more traditional residential lease agreements in a number of ways. There are fewer consumer protection laws for commercial leases; unlike residential lease agreements, there are no limits on the amount of security deposits and rules governing tenant privacy do not generally apply to commercial leases. Commercial lease agreements are also harder to break or change than residential lease agreements. Commercial space is usually rented for a longer amount of time than residential property, and the terms of a commercial lease agreement are binding and terminating a commercial lease early can be difficult. An added benefit of commercial lease agreements is that they can be negotiated much more than residential leases. Landlords are often flexible with lease terms and work with business owners to create agreements that work for both parties.
Fast Facts
- In 2008, nearly 1/3 of all commercial office space in Manhattan was leased by financial institutions.
- The Americans with Disabilities Act requires all businesses to be accessible to disabled people if the business is open to the public or employs more than 15 people.




